Asian stocks steadied on Wednesday on hopes of additional Chinese stimulus to lessen the economic impact of a coronavirus outbreak, but risks remain as the illness continues to spread and the death toll neared 500.
Walt Disney Co’s new streaming service Disney+ reached 28.6 million paying subscribers this week, the company said on Tuesday as it reported quarterly earnings that beat Wall Street forecasts.
The Trump administration is planning to meet later this month to discuss efforts to further limit exports to China and its flagship telecoms company Huawei, as it seeks to keep state-of-the-art U.S. technology out of the hands of adversaries, two sources familiar with the matter said.
Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued investments in future technology such as self-driving cars.
American Airlines Group and United Airlines on Tuesday both said they are suspending all flights to and from Hong Kong.
A nearly 14% gain in Tesla Inc’s stock on Tuesday was likely sparked by investors looking to hop aboard its remarkable rally, rather than a reversal of bearish bets, an analysis of positioning dynamics showed.
A nearly 14% gain in Tesla Inc’s stock on Tuesday was likely sparked by investors looking to hop aboard its remarkable rally, rather than a reversal of bearish bets, an analysis of positioning dynamics showed. While the share price has more than doubled so far this year to $887.06, the gains do not appear to have sparked a reversal of the sizeable short position in them. As Tesla has rallied 36.4% over the past two days, short sellers have incurred $5.7 billion in paper losses. …read more […]
Tesla is making Elon Musk a lot richer without paying him a dime.
The Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China’s central bank intervened.
(Bloomberg) — The head of business for Apple Inc.’s news app stepped down less than a year after launching a high-profile subscription product that has struggled to attract paying readers.Liz Schimel, the outgoing executive, joined in mid-2018 after serving as the president of international business at magazine publisher Conde Nast, said people familiar with the move who asked not to be identified discussing personnel matters. At Apple, Schimel oversaw relationships with advertisers and news publishers.Apple is seeking to hire a notable name from the publishing world to replace Schimel, one of the people said. An Apple spokesman declined to comment.News …read more […]
The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia’s multi-billion-dollar 1MDB corruption scandal.
Chipotle Mexican Grill Inc raised menu prices and consumers bit, helping the fast-casual burrito chain beat analysts’ estimates for quarterly sales and profit on Tuesday.
Yahoo Finance’s Myles Udland gives a preview of what will be making headlines on Wednesday, February 5th. …read more […]
The gene therapy company is expected to introduce hemophilia drug that is projected to generate revenue of $1.2 billion by 2024 Continue reading… …read more […]
Nike Inc said on Tuesday the coronavirus outbreak in China would have a financial impact on its operations in the country, its biggest growth market, sending the footwear maker’s shares down 3%.
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